Gold rises, silver slides
image for illustrative purpose
New Delhi: Gold price stayed firm for the third straight session and rose Rs250 to Rs75,350 per 10 grams in the national capital on Friday, according to All India Sarafa Association. The yellow metal had ended Rs50 higher at Rs75,100 per 10 grams in the previous session, a day after gaining Rs400 on Wednesday. Traders attributed the appreciation to sustained buying by local jewellers amid easing global prices. The prices of silver, however, declined by Rs200 to Rs94,300 per kg. It had settled at Rs94,500 on Thursday.
In sarafa markets, extending the gains for the third straight session, the precious metal was trading at Rs75,350 per 10 grams, up by Rs250 against the previous close, the association said. In the global markets, spot gold was trading at $2,401.89 per ounce, down by $13.59 a ounce. According to market experts, the precious metal retreated in overseas markets on Friday, a day after rallying in response to the announcement of US inflation data.
